those who mention buy and keep for long term 2 or 3 yrs. doesn't this peoples realise Dow Jones is at record high and overbought. ,predicted by Sifu, 2021 might crash.
Always so called sifu that mention about crashing. Just like last month nasdaq all keep saying bubble and last? I just know some of the tech stock are breaking new high...
The bonus issue will not have any impact on GDB's business outlook or operations. The free warrant is the main thing here. However, please do your own calculations on the share price adjustment after bonus issue if you wanted to buy GDB at this point. You shall consider the future growth and possible earnings and derived your own fair price.
Conversion of warrant will provide extra fund for GDB to expand further to increase their plant & machineries and their manpower so that they can capitalize on the economy recovery when more developments will be rolled out post COVID, without having to used up their cash pile. For contractors, it is very important to have sufficient reserves as you never know when your pay masters will delay their payment to you.
From investor point of view, BI and free warrant will give shareholders a chance to acquire more GDB shares without having to come out with money, which is always a good thing for long term investor like me. Although it may lead to lower dividend payout in this FY but I'm pretty confident GDB can continue to grow and create values for shareholders.
Overall, I'm quite positive on the BI and free warrant
Bursa already given approval today on bonus cum warrant matters!
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Posted by shrobin > 2021-04-02 18:17 | Report Abuse
GDB placed out 20 million shares @80sen to new investor on Nov 23rd last year.....